The Agency was established by the Energy Law as a regulatory body with competences covering electricity, natural gas, oil and oil product, and CHP heat energy sectors. By executing tasks assigned to it by the Energy Law, the Agency contributes to creation of a stable regulatory framework for the development of an efficient and sustainable energy sector that will be a strong backbone of the country’s economic development.

The Agency is a legal entity that is functionally independent of any state body, energy entity or user of its products and services, and of any other legal or physical entity.

The Agency commenced its operation on June 16, 2005 at the day of its registration at the Trade Court.